{"id":47361,"date":"2023-08-11T17:43:00","date_gmt":"2023-08-11T21:43:00","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/best-crypto-to-buy-now-11-august-fantom-rocket-pool-sui\/"},"modified":"2023-08-11T17:43:02","modified_gmt":"2023-08-11T21:43:02","slug":"best-crypto-to-buy-now-11-august-fantom-rocket-pool-sui","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=47361","title":{"rendered":"Best Crypto to Buy Now 11 August \u2013 Fantom, Rocket Pool, Sui"},"content":{"rendered":"
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The U.S. Securities and Exchange Commission (SEC) has opted to postpone its decision on Ark Invest’s proposal for a Bitcoin ETF, continuing a longstanding challenge for cryptocurrency assets seeking inclusion on mainstream U.S. financial platforms.<\/p>\n

The SEC announced on Friday its move to solicit public opinion regarding a particular amendment in the Ark 21Shares Bitcoin ETF application, potentially prolonging the decision-making process into 2024.<\/p>\n

Taking this developing macroeconomic scenario into account, what are the best cryptos to buy now?<\/p>\n

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The application deadline was initially set for Aug. 13. This recent development adds another layer of complexity to a series of previous delays and deliberations surrounding crypto-related financial instruments.<\/p>\n

Cathie Wood, CEO of Ark Invest, shared her perspective with Bloomberg News earlier this week, stating her anticipation that the SEC might consider rulings on multiple fund applications simultaneously.<\/p>\n

Other financial giants have also expressed interest in this avenue, with filings for Bitcoin ETFs already in place from industry leaders such as BlackRock and WisdomTree.<\/p>\n

Grayscale finds itself in legal limbo, awaiting a court’s ruling. Their application, which proposed the transformation of the Grayscale Bitcoin Trust into an ETF, has met rejection from the SEC multiple times.<\/p>\n

Earlier this year, the Cboe BZX Exchange submitted a proposal to the SEC, seeking a rule modification to accommodate the Ark21 spot bitcoin fund listing.<\/p>\n

This proposal has undergone several revisions, incorporating a surveillance-sharing stipulation similar to the one in BlackRock’s Bitcoin fund application.<\/p>\n

Past endeavors to establish a spot in Bitcoin ETF have often met with refusal. This year saw SEC Chair Gary Gensler seemingly intensifying scrutiny of the crypto sector.<\/p>\n

However, some events hint at a changing tide for the industry. Ripple’s recent partial legal win questioned the SEC’s endeavors to label the majority of cryptocurrency assets as securities.<\/p>\n

Despite the rigorous scrutiny and hesitance toward spot Bitcoin ETFs, the SEC has green-lit the introduction of a number of Bitcoin futures ETFs.<\/p>\n

In terms of the cryptocurrency market’s reaction, Bitcoin’s price showcased slight oscillations, maintaining a position slightly above $29,300 down by 0.24% so far today.<\/p>\n

Additionally, the Crypto Total Market Cap currently rests at $1.131 trillion, registering a marginal decrease of 0.38% as of writing.<\/p>\n

Given the delays regarding Ark Invest’s Bitcoin ETF application and ongoing regulatory uncertainty, cryptocurrencies like Fantom, Shibie, Rocket Pool, Chimpanzee, and Sui appear well-positioned as some of the best cryptos to buy now thanks to their robust fundamentals and\/or favorable technical analysis.<\/p>\n

Testing the Waters: Fantom (FTM) Seeks Firm Footing Above Key Resistance<\/strong><\/h2>\n

Fantom (FTM) is in a pivotal stage, showing some promising signs of bullishness.<\/p>\n

After strenuously attempting to breach the Fib 0.786 level at $0.2382 from August 4 to August 9, Fantom has finally experienced a breakout, posting a 1.27% upside move yesterday.<\/p>\n

It is currently trading at $0.2415, marking an 0.84% increase so far today as it seeks to gain firm footing above the Fib 0.786 level, which it is now testing for support.<\/p>\n

The 20-day EMA sits at $0.2434, serving as an immediate resistance, with the current price just below this mark.<\/p>\n

This, followed by a highly contested horizontal resistance zone ranging from $0.2485 to $0.2526, presents a barrier that traders should monitor closely.<\/p>\n

The 50-day and 100-day EMAs at $0.2636 and $0.2963 respectively, illustrate a broader bearish bias in the medium term.<\/p>\n

However, recent price action might signal a potential turnaround in this trend.<\/p>\n

The Relative Strength Index (RSI), at 45.31, is up from yesterday’s 43.73, indicating a slight gain in buying momentum but still nestled in neutral territory.<\/p>\n

This might signify that there is room for further upside movement before the asset becomes overbought.<\/p>\n

The MACD histogram, with a current value of 0.0019, up from yesterday’s 0.0015, also validates the observed bullish sentiment, although the move is subtle.<\/p>\n

Traders might find this indicator valuable in confirming the potential continuation of the bullish trend.<\/p>\n

The increase in market cap by 1.05% to $675.5 million and the substantial 36.75% surge in 24-hour trading volume to $61.2 million contributed to the favorable conditions for a continued push upwards.<\/p>\n

Immediate support is found at the Fib 0.786 level of $0.2382, followed by the swing low support region ranging from $0.2245 to $0.2329.<\/p>\n

These levels should be closely observed for signs of stability or a potential breakdown.<\/p>\n

The technical indicators for Fantom suggest a tentative bullish sentiment in the immediate term.<\/p>\n

Traders may consider leveraging this sentiment by eyeing the resistance levels and monitoring for continued support at the established regions.<\/p>\n

Caution should still be exercised, as the broader bearish bias in the moving averages may still have a lingering effect on the asset’s price.<\/p>\n

The confluence of these technical signals warrants a balanced approach, keeping an eye on the short-term opportunities while remaining cognizant of the underlying trends.<\/p>\n

Barbie\u2019s Blockbuster Success Inspires Shibie Coin: One of the Best Cryptos to Buy Now<\/strong><\/h2>\n

With a mere $200,000 remaining to reach its adjusted fundraising goal of $500,000, the Shibie meme coin, a unique fusion of Shiba Inu and Barbie, is rapidly approaching the final phase of its presale.<\/p>\n

The Shibie Coin team is strategically capitalizing on the immense popularity of the Barbie movie, which achieved an impressive $1 billion in ticket sales, to propel their venture forward.<\/p>\n

The impending launch of this meme coin has caught the attention of industry experts, who are closely monitoring the presale as it enters its final 72 hours.<\/p>\n

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The Shibie Coin has taken a distinct path in its fundraising approach by reducing its original goal from $999,999 to $500,000.<\/p>\n

The subsequent market capitalization at launch is anticipated to be $833,000. Priced at a mere $0.000167, analysts are watching its potential market movement.<\/p>\n

With a loyal YouTube subscriber base of 104,000, Crypto Gains has made a compelling forecast of a substantial price surge for Shibie.<\/p>\n

Several top crypto sites, including U.Today, Finbold, and Cryptopotato, have featured Shibie, creating awareness as the presale races toward the finish line.<\/p>\n

Time is of the essence, as stated on Shibie’s website, and with only 72 hours left in the presale, it could close much earlier due to buyer demand.<\/p>\n

Adding to its appeal, Shibie has announced its intention to list on both decentralized (Uniswap) and centralized exchanges (CEX).<\/p>\n

Twenty percent of the Shibie token supply will be dedicated to DEX liquidity, and an additional 10% allocated to CEX liquidity, reflecting a strategic vision for the coin.<\/p>\n

The choice to include centralized exchanges, which are typically more accessible and cost-effective, indicates an effort to create an inclusive community.<\/p>\n

Shibie’s offering takes an intriguing turn with the development of an AI-powered Shibie bot for the Telegram messaging app.<\/p>\n

This distinctive feature sets Shibie apart from other meme coins, introducing an interactive element in its user experience.<\/p>\n

With the immense popularity of the new Barbie film and the viral rise of Shiba Inu-themed meme coins, the ingenious fusion of these two cultural juggernauts in the Shibie meme coin has captured significant attention as it nears the end of its presale.<\/p>\n

Visit Shibie Coin Now<\/u><\/strong><\/p>\n

Rocket Pool’s RPL Token Faces Price Correction Despite Coinbase Ventures Investment<\/strong><\/h2>\n

Coinbase Ventures, the investment arm of major cryptocurrency exchange Coinbase, has made a strategic investment in Rocket Pool, an Ethereum liquid staking protocol.<\/p>\n

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The news was announced on August 10, though specific details of the investment, including the amount of RPL, Rocket Pool’s native token, acquired by Coinbase, have not been disclosed.<\/p>\n

Rocket Pool (RPL) initially responded to this news with a positive price reaction, closing yesterday’s candle with a 4.24% increase.<\/p>\n

However, it has since experienced a downturn in its price trajectory and has been unable to maintain the levels achieved in the past two days.<\/p>\n

Currently, RPL is trading at $27.28, representing a 5.11% decrease so far today.<\/p>\n

The 20-day EMA stands at $29.09, followed by the 50-day EMA at $33.01 and the 100-day EMA at $36.94. The progression of these EMAs indicates a longer-term bearish trend.<\/p>\n

Since the current price is below all three EMAs, it is a strong indication that the bears are in control, and the price may continue to face downward pressure in the immediate future.<\/p>\n

The RSI is at 38.21, down from yesterday’s 43.24. An RSI below 40 usually suggests that the asset might be oversold, hinting at a possible bullish reversal.<\/p>\n

The Moving Average Convergence Divergence (MACD) histogram at 0.20, up slightly from yesterday’s 0.19, presents a mixed signal.<\/p>\n

While the increase may be viewed as a sign of potential bullish momentum, it is too minor to provide strong confirmation without the backing of other indicators.<\/p>\n

Market dynamics further illustrate a bearish trend, with the market cap down by 3.44% to $534.4 million, and the trading volume reduced by 61.34% to $6.8 million in the last 24 hours.<\/p>\n

A decrease in trading volume often suggests a lack of interest among buyers and may support the bearish trend.<\/p>\n

The immediate resistance levels are key for traders to watch. RPL’s resistance at the Fib 0.236 level at $28.09, followed by the 20-day EMA at $29.09, will be critical in determining the immediate price direction.<\/p>\n

If RPL closes below the Fib 0.236 level, it could signal further bearish momentum.<\/p>\n

On the flip side, immediate support is found in the swing low support zone of $24.46 to $25.24.<\/p>\n

Should the price continue its downward movement, traders might look for potential buying opportunities within this support zone.<\/p>\n

The technical indicators for Rocket Pool (RPL) currently lean towards a bearish bias in the short term. Traders and investors should remain vigilant and utilize proper risk management strategies, considering both resistance and support levels.<\/p>\n

Potential entry points for long positions may be identified within the support zone, while a close above the resistance level may indicate a reversal of the trend.<\/p>\n

Chimpzee Crypto’s $1 Million Milestone: Solidifying Its Position as One of the Best Cryptos to Buy Now<\/strong><\/h2>\n

Chimpzee is rolling out a series of token-based initiatives after achieving the milestone of surpassing the $1 million mark in the presale of its native token, CHMPZ.<\/p>\n

Among these initiatives is an exclusive CHMPZ airdrop for presale investors. The distribution of tokens will be determined based on their individual investment amounts, with a maximum of ten million tokens to be allocated.<\/p>\n

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Determined to cement its place as a charitable Web3 crypto project, Chimpzee has donated $20,000 to the WILD Foundation for the protection of the black jaguar.<\/p>\n

This initiative is in addition to their previous green gestures: planting a cumulative 21,200 trees across Brazil and Guatemala and a $15,000 contribution to elephant conservation.<\/p>\n

Taking a glimpse into the merchandising side, the Chimpzee team recently showcased some upcoming t-shirt designs.<\/p>\n

These shirts, available through their merchandise store, will serve a dual purpose: buyers will be rewarded with CHMPZ tokens, and a portion of the proceeds will be allocated to their listed charities, ensuring that the shopping experience remains meaningful.<\/p>\n

Another intriguing aspect of the Chimpzee venture is its foray into non-fungible tokens (NFTs).<\/p>\n

Currently in stage 8 of its presale, participants can earn the privilege to create a Chimpzee Gold Passport NFT by investing 750,000 CHMPZ tokens.<\/p>\n

Possessing these NFTs grants users various advantages within the Chimpzee ecosystem, including a promising 18% APY.<\/p>\n

Eight unique designs of these NFTs await the audience, with the NFT marketplace and a ‘play-to-earn’ game set to roll out in future stages.<\/p>\n

On the token front, the CHMPZ token adopts a deflationary stance. The tokens utilized for the Chimpzee Passport NFTs will be removed from circulation.<\/p>\n

Additionally, Chimpzee has demonstrated its unwavering dedication to reducing the initial token supply of 200 billion by successfully burning 100 billion tokens so far.<\/p>\n

Chimpzee has strategic plans in place to further decrease the supply by an additional 40 billion tokens once the launch takes place.<\/p>\n

Highlighting the project’s credibility, Chimpzee’s team has been verified by Cyberscope, while the CHMPZ token’s smart contracts underwent an audit by Solidity Finance.<\/p>\n

Visit Chimpzee Now<\/u><\/strong><\/p>\n

SUI Faces Resistance at 20-Day EMA: What’s Next?<\/strong><\/h2>\n

SUI appears to be in the midst of a consolidation phase, following its recent bounce off the Fib 0.786 level at $0.5921.<\/p>\n

SUI has been battling selling pressure after reaching an intraday high of $0.6269 earlier today, and despite a brief upward surge, the current trading session is seeing SUI down by 0.97% so far today at the current price of $0.5994.<\/p>\n

Key technical indicators are giving mixed signals. The 20-day EMA stands at $0.6188, and the 50-day EMA at $0.6852, both above the current price level.<\/p>\n

The 100-day EMA is even further, at $0.8174, suggesting a bearish trend in the longer term. The stock is currently facing immediate resistance at the 20-day EMA, which it unsuccessfully tried to break earlier today.<\/p>\n

Yet, there is a glimmer of hope for bullish investors. The MACD histogram shows a fresh bullish crossover from 0.0006 to 0.0015. This could indicate a potential bullish reversal in the days to come, provided the upward trend continues.<\/p>\n

However, the RSI has fallen slightly from yesterday’s 40.76 to 39.23 today. This suggests a mildly bearish sentiment in the short term, as the stock is currently in a weaker position.<\/p>\n

Given these technical indicators, it seems that SUI needs to consolidate further above the Fib 0.786 level at $0.5921 before it can make its next bullish move.<\/p>\n

The immediate support is at this Fibonacci retracement level, and holding above this level could provide the stability needed for the next leg up.<\/p>\n

Investors should keep a close eye on the MACD indicator for further signs of a bullish crossover and the RSI for any potential shift in momentum.<\/p>\n

A sustained break above the 20-day EMA could signify a potential bullish reversal, while a break below the Fib 0.786 level might indicate further downside.<\/p>\n

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.<\/sub><\/i><\/p>\n<\/p><\/div>\n